Sec. 62.557. JUDICIAL REVIEW. (a) An applicant may appeal the commissioner's denial of an application or the commissioner's order affirming the denial only after a final order is entered. The commissioner is defendant in the appeal.
(b) A party to the action may appeal the court's decision. The appeal is returnable to the appellate court at once and has precedence in that court over any cause of a different character pending in that court.
(c) The commissioner is not required to give an appeal bond in a cause arising under this subchapter.
(d) Filing an appeal under this section does not stay an order of the commissioner that is adverse to the applicant.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 62 - Organizational and Financial Requirements
Subchapter L. Change of Control of Association
Section 62.551. Inapplicability of Subchapter
Section 62.552. Effect of Subchapter on Other Law
Section 62.553. Application for Change of Control
Section 62.554. Application Filing Fee
Section 62.555. Denial of Application
Section 62.556. Appeal to Commissioner of Denial
Section 62.557. Judicial Review
Section 62.558. Unauthorized Change of Control